Borrowers with excessive debt and tarnished credit also meet the criteria. Issuers require information such as tax ID or SIN, personal information, and more . Customers specify whether they apply for a business or personal Visa prepaid card and choose language and currency. Financial institutions charge fees for express shipping, replacement, and reissuance. Some issuers also charge higher international ATM withdrawal fees. Customers who load over $500 are offered maintenance fee waivers by some banks. Some cards go with high transaction, monthly, and activation fees, one-time purchase, and cash withdrawal fees and should be avoided. Issuers offer prepaid cards as a safe and convenient alternative to department store and standard credit cards. 
Uses and Types of Cards
Prepaid cards are offered to customers with fair and poor credit and serve as a convenient non-credit payment solution. Some cards are designed for travel and help keep holiday and everyday expenses separate. Customers choose from various store-value cards to keep expenses under control. In general, a prepaid card is a regulated, safe, and flexible alternative to cash and debit and credit cards. There are different types of cards for customers who are new to credit, including cards for commercial transactions and purchases.
Rewards, CashBack, and Other Prepaid Cards
Financial institutions advertise different cards that offer instant access to cash and can be used at station pumps, drugstores, and convenience stores. These cards can be used at restaurants, clothing stores, supermarkets, and online. Standard or general purpose cards can be used to pay recurring and one-time bills. Issuers offer prepaid cards with online bill pay, high cash deposit limits, and bonus points. Many cards offer cash incentives, savings accounts with an attractive APY, and other features. Issuers also offer rewards points that go toward fuel savings. Issuers feature both rewards and convenience cards to help consumers to keep their personal spending separate. Reloadable cards are easy to top up and offers generous incentives. Users can exchange their points for merchandise, including fashion and clothing, electronics, games, and other items. There are different categories to choose from, including special offers, personal care, home décor, and others. Prepaid cards are great for dining and shopping, paying phone and other bills, and gas. Some cards are designed for dependents, including young adults, teenagers, and students, and the goal is to promote financial responsibility.